Russian oil export duty to grow to $387 from April 1

MOSCOW, March 18, /ITAR-TASS/. Russian oil export duty will rise $2.6, or 0.68 percent month-on-month on April 1, 2014, a leading expert at the tax and customs and tariff policy department of the Russian Finance Ministry Alexander Sakovich told Itar-Tass on Monday.

The oil price during the reviewed period of February 15 - March 14, 2014 averaged $108.08125 a barrel, or $789 per tonne, Sakovich added. Accordingly, the oil duty, given the current calculation formula, should be $387 per tonne.

The preferential export duty for a number of oil fields will be $190.8 per tonne against the March’s $188.8 per tonne. The preferential export duty on heavy crude oil will be $38.7 per tonne against the present $38.4 per tonne.

The duty on petroleum products will be $255.4 per tonne against the present $253.7 per tonne, on gasoline - $348.3 per tonne against $345.9 per tonne in March, diesel - $251.5 per tonne. The export duty on liquefied gas is defined at $129.1 per tonne against the current $169.1 per tonne.